Author: FX

© Reuters. Proof-of-work coins that had a fair distribution at their launch are the most likely to avoid being labeled as securities by the United States Securities and Exchange Commission (SEC), according to OG and educator Dan Held. Last week, the SEC sued Binance and Coinbase (NASDAQ:), accusing them of offering a number of altcoins as unregistered securities. As a result, many of the tokens mentioned in the lawsuit were delisted by major trading platforms, which tanked their prices.Continue Reading on Coin Telegraph Source link

onurdongel/E+ via Getty Images For the week ending June 16, the Industrial Select Sector (XLI) gained +2.98%. XLI was among the 10, out of the 11 S&P 500 sectors, which closed the week in green. YTD, XLI has risen +7.37%. Meanwhile, the SPDR S&P 500 Trust ETF (SPY) rose +2.22% (YTD +14.91%), helped by the Federal Reserve keeping its policy rate unchanged, which broke a streak of 10 straight rate hikes. The SP500 index has now been on a five-week winning streak. The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained…

As we turn the page into a new trading week for the GBPUSD, what are key levels in play and why?This week, the price of the GBPUSD GBP/USD The GBP/USD is the currency pair encompassing the United Kingdom’s currency, the British pound sterling (symbol £, code GBP), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one British pound. For example, when the GBP/USD is trading at 1.5000, it means 1 pound is equivalent to 1.5 dollars. The GBP/USD is the fourth…

MON: US Juneteenth Market HolidayTUE: PBoC LPR Announcement, RBA Minutes, NBH Announcement, German PPI (May), US Building Permits (May)WED: BoC Minutes, BCB Announcement, CNB Announcement, UK Inflation (May), New Zealand Trade Balance (May)THU: BoE Announcement, SNB Announcement, Norges Bank Announcement, CBRT Announcement, Banxico Announcement, Bank of Indonesia AnnouncementFRI: Japanese CPI (May), UK Retail Sales (May), EZ/UK/US Flash PMIs (Jun)NOTE: Previews are listed in day-orderPBoC LPR (Tue): The PBoC is likely to cut its Loan Prime Rates next week with the 1-Year LPR, which most loans are based on, currently at 3.65% and the 5-Year Loan Prime Rate, the reference rate…

asbe Last week’s declining financial stocks reflected an acquisition by a large stock exchange operator and softer outlooks at two large regional banks. Meanwhile, the climbers were led by a fintech that received some favorable attention from a sell-side analyst and included three Argentine banks. Overall, financial stocks ended the week in the green, but underperformed the broader market. The Financial Select Sector SPDR ETF (NYSEARCA:XLF) rose 1.2% during the week, lagging the 2.6% gain for the S&P 500. Nasdaq (NASDAQ:NDAQ) dropped the most of financial stocks with market cap over $2B during the week ended June 16, falling 11%…

© Reuters. FILE PHOTO: Pentagon Papers whistleblower Daniel Ellsberg participates in a news conference held by the whistleblower group ExposeFacts.org at the National Press Club in Washington April 27, 2015. REUTERS/Jonathan Ernst By Bill Trott WASHINGTON (Reuters) -Daniel Ellsberg, the U.S. military analyst whose change of heart on the Vietnam War led him to leak the classified “Pentagon Papers,” revealing U.S. government deception about the war and setting off a major freedom-of-the-press battle, died on Friday at the age of 92, his family said in a statement. Ellsberg, who had been diagnosed with inoperable pancreatic cancer in February, died at…

EUR/USD OUTLOOK:EUR/USD rallied to its best levels since May 11 after the Federal Reserve and ECB decision this past weekThe Fed held borrowing costs steady, but signaled a higher terminal rate. However, traders were skeptical of the U.S. central bank’s plans to resume hiking againThe ECB, meanwhile, raised rates and revised upwards its inflation forecasts, leading markets to price in additional tightening for the coming months Recommended by Diego Colman Get Your Free EUR Forecast Most Read: Japanese Yen Outlook – USD/JPY Extends Upside after Dovish BoJ DecisionEUR/USD took a nosedive in May, dropping below the 1.0700 handle towards the…

© Reuters. FILE PHOTO: A smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo (Corrects headline to remove extraneous word) (Reuters) – Binance, Binance.US and the Securities and Exchange Commission (SEC) announced a deal to ensure that only Binance.US employees could access customer funds, CoinDesk said on Saturday. Source link

RelaxFoto.de/E+ via Getty Images Southern Co.’s (NYSE:SO) Georgia Power is delaying the commercial operation of the newly constructed Unit 3 reactor at its Vogtle nuclear power plant for at least another month, it said Friday in an 8-K filing. Southern (SO) said a degraded hydrogen seal in the main generator was found during the start-up and pre-operational testing of Plant Vogtle Unit 3, and it now estimates the in-service date for the reactor will occur in July, instead of June as had been expected. The utility said Unit 3, whose power-ascension testing is ~95% complete, operated as designed during the…

SlavkoSereda/iStock via Getty Images Crude oil exports out of Iran have surged to five-year highs despite U.S. sanctions, signaling something of a resurgence for the country on the world stage but also sapping confidence in an oil market already weakened by lackluster global economic growth and cheap Russian cargoes. Iranian crude shipments doubled since last fall to reach 1.6M bbl/day in May, analysts at Kpler reported Friday, the highest level since sanctions were re-imposed in 2018. Iran has said it has raised its total crude production to above 3M bbl/day, which would equal ~3% of global supply and the highest…